Log In to The Paramus Post - Greater Paramus News and Lifestyle Webzine

Please enter your user name and password below.

No Account Yet? Sign Up!

The Paramus Post - Greater Paramus News and Lifestyle Webzine
Monday, September 26 2016 @ 08:11 PM EDT

Job-seekers ratio -Four-and-a-Half Years Since Recovery Began, No Jobs For More Than 60 Percent Of Job Seekers

The December Job Openings and Labor Turnover Survey (JOLTS) data released this morning by the Bureau of Labor Statistics mark six years since the official beginning of the Great Recession in December 2007, and four-and-a-half years since its official end in June 2009. The report shows that job openings declined by 43,000 in December, bringing the total number of job openings to 4.0 million. Meanwhile there were 10.4 million job seekers in December, meaning that there are only enough job openings for 38.5 percent of job seekers.
In her analysis, EPI economists Heidi Shierholz writes that this means that more than 60 percent of job seekers were not going to find a job in December no matter what.

“It’s important to realize that we are a long way from a healthy labor market,” said Shierholz. “In normal times, there would be roughly as many job openings as job seekers. With such an elevated job-seekers ratio, now is no time to cut spending or pull back on support for the jobless.”
Shierholz looks at other indicators of labor-market health, including the rate of hiring, which has seen no improvement in nearly two years, and labor market “churn,” which is still extremely low. Lastly, Shierholz writes, due to the fact that unemployment is elevated across all sectors, today’s labor market weakness is not because workers don’t have the right skills—it is due to a broad-based lack of demand for workers.


The Economic Policy Institute (EPI) is an independent, nonprofit think tank that researches the impact of economic trends and policies on working people in the United States.
Economic Policy Institute
1333 H Street, NW
Suite 300, East Tower
Washington, D.C. 20005

by Mel Fabrikant

Mel is a longtime Paramus resident and has belonged to many Paramus organizations. He is responsible for bringing the Scholarship Show to town and seeing to it that the initial presentation went over well. His five offspring were brought up through the Paramus school system. In addition, he is a longtime Paramus Rotary member.

Share It!

Comments are closed
Paramus Post Media Kit Download

Trinity Presbyterian Church
Join the purpose driven church exercising faith, hope, and love because nothing else matters...
Spivak Lighting
Lamp Repairs, Chandeliers, Track Lighting, Outdoor Lamps, Recess Lighting, Paddle Fans, Consultation
StoneMicro Web Technologies
Dynamic Website Development, Content Management System, Blogs, Web design, Web hosting services
Sponsor ParamusPost